True Link lands $35m in Series B investment
The fintech’s valuation sits at around $115 million.
Investment & Funding
Venture capital firm Ribbit plans $600m fintech Spac
Bow Capital Management is also aiming to raise $350m for a tech focused Spac.
Deutsche Bank buys minority stake in Traxpay
Deutsche wants more European banks to invest in the platform.
TransferWise hits $5bn valuation with $319m liquidity round
The firm says it’s seen a 43% uplift in its value since May 2019.
Thought Machine lands another $42m for Asia-Pacific expansion
It brings the firm’s Series B round to $125 million.
Home-backed loan provider Selina Finance lands £42m
Some £12 million of its Series A counts for equity, whilst the rest is debt.
Video: Top fintech stories this week – 24 July 2020
FinTech Futures’ weekly news round-up.
Investment service Scalable Capital lands $58m in Series D
The start-up says it has more than $2 billion under management on its platform.
Quantexa raises $64.7m in Series C funding
The anti-fraud AI firm has raised $90m to date.
Deposit grower Mantl raises $19m in extended Series A
The fresh capital adds to an extended $11 million Series A raise.
Bueno bank aims to target Spanish holiday homeowners
Bueno promises a range of services to manage second homes.
Lloyds partners with Form3 to create group-wide payments platform
The UK bank is acquiring an undisclosed minority equity stake in Form3.
Singapore API firm Percipient raises $5m
The fintech plans to boost the deployment of its TWINNTM system.
Lemonade rival Hippo raises $150m financing round
The Palo Alto, California-based start-up is valued in the investment at $1.5 billion.
Plum lands $10m for European expansion
To date, Plum has raised $19.3 million.
Kenyan lender I&M to become majority owner of Uganda’s Orient Bank
Last year, Orient Bank reported a net loss equivalent to $284,374.
SoftBank-backed Policybazaar aims for 2021 IPO at $3.5bn valuation
Policybazaar expects to return to profitability by the end of this year.
UK savings app Moneybox lands £30m, plans crowdfund
Moneybox has raised £50 million since 2016.
Disposable card issuer Privacy.com lands $10.2m
The start-up has issued around five million virtual card numbers.
Swiss digital asset tech partner Metaco lands $17m Series A
Investor Standard Chartered says “digital assets are here to stay”.
Non-profit Fair for You lands £7.5m to take on credit sector
Seven social investors took part.
Bond bags $32m from Coatue, Goldman Sachs and Mastercard
Bond’s offering is based on “developer-focused” applications.
Robinhood lands $320m bumping valuation to $8.6bn
Its Series F stands at $600 million.
US buy now, pay later fintech Sezzle in $60m raise on ASX
The start-up still needs to close $5 million.
China Bohai Bank plans IPO worth $1.7bn
Chinese commercial bank buoyed by good 2019 results.
Marqeta plans 2021 IPO
The Oakland, California firm is tapping up investment banks.
Savings app for first-time house buyers Nude is raising £3.5m
The start-up is applying for a UK banking licence.
RBC commits CAD 150 million to diversity push
It aims to increase the proportion of non-white executive hires to 30% from 20%.
Taulia to raise $60m from Ping An Insurance and JPMorgan
The finding could peg Taulia’s valuation at $400m.
Video: Top fintech stories this week – 10 July 2020
FinTech Futures’ weekly news round-up.
Banking Technology July/August 2020 issue out now
Unlocking the benefits of open banking.
PolicyBazaar’s CEO calls SoftBank-backed expansion a “mistake”
“The point is you don’t double capacity suddenly, it doesn’t help,” says CEO Yashish Dahiya.
Tide freezes lending after funding falls through
The fintech said the BBLS “doesn’t meet the requirements” of prospective investors.
Estonian fintech Planet42 to tap South Africa’s alternative car finance market
The fintech landed €2.2 million in seed funding last month.
Square’s $55bn valuation reaches skies of major US banks
Square is $20 billion away from matching Goldman Sachs’ market valuation.
Canadian data aggregator Flinks lands $11.8m led by NAventures
The fintech is moving into wealth and expanding to the US.
German business banking start-up Penta tops up Series B by €4m
The financing round adds to the fintech’s Series B in March.
Mastercard invests in long-term fintech partner Verestro
The fintech has worked with Mastercard since 2011.
SoftBank splashes $130m in Indian insurtech PolicyBazaar
SoftBank now holds more than a 15% stake.
Lending Works acquired by Intriva Capital
Intriva has bought 100% of Lending Work’s equity for an undisclosed price.
